SB19-055
Reduce State Income Tax Rate
| Type | Bill |
|---|---|
| Session | 2019 Regular Session |
| Subjects |
Concerning a reduction of the state income tax rate.
Bill Summary:
For income tax years commencing on and after January 1, 2019, the bill:
- Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and
- Reduces the state alternative minimum tax by 0.14%.
(Note: This summary applies to this bill as introduced.)
Committees
Senate
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/10/2019 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 19-055 to the Committee on Appropriations. | The motion failed on a vote of 3-4. | Vote summary |
| Postpone Senate Bill 19-055 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 4-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 01/29/2019 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 01/10/2019 | Senate | Introduced In Senate - Assigned to Finance |